📯Japan Post Group to Set Up Investment Fund Management Firm.
Tokyo, Jan. 31 (Jiji Press)–Japan Post Holdings Co.’s <6178> two financial arms have said that they will jointly set up a company to manage investment funds mainly targeting startups with growth potential.
Japan Post Investment Corp. will be established on Feb. 9 with capital of 1.5 billion yen, 66.1 pct of which will be put up by Japan Post Bank <7182> and 33.1 pct by Japan Post Insurance Co. <7181>, according to their announcement on Tuesday.
The rest will be provided by officials and employees of Japan Post Investment.
JIJI PRESS